What is a credit crunch? What has caused this credit crunch? What effect is it having and what effect will it have? What can we learn from it? What can we do to stop it and stop it happening again? These are all questions that the Big Crunch Big Bang Conference will aim to answer this Friday 21 November.

It has been organised by The Cambridge Trust for New Thinking in Economics, a trust that was set up by a member of the University of Cambridge. The trust organises conferences to promote new ideas and ways of thinking in economics, and provides places at these conferences to students and academics either free or at much reduced rates.

This conference aims to look at the very divisive subject of the credit crunch, with speakers and discussants ranging from academics to those from the world of business. Speakers include Philip Arestis, Director of Research at the Cambridge Centre for Economic and Public Policy at the University of Cambridge and Leonardo Gambacorta, Head of the Money and Credit Unit in the Economic Outlook and Monetary Policy Department of the Bank of Italy.

The welcome speech will be given by Dr Terry Barker, Director of the Cambridge Centre for Climate Change, University of Cambridge and Chairman of Cambridge Econometrics.

“This timely gathering of influential thinkers will really help us understand the current economic and financial problems, and identify the best way forward” said Philip Arestis.

The conference will consist of a short welcome, followed by two hour-long talks, the conference will then break for lunch. After lunch there will be a further two hour-long talks with a break and then a final hour long talk. The main conference will be followed by a press conference where the main speakers will be available for interview by the media.

The conference costs £750 per individual, however if a donation of £5,000 is made, a free front row seat will be available. Donations are being accepted to fund a new home for the international research centre linking new thinking in economics with climate change research. For academics the conference costs £30 and it is free for students and journalists, although free places are limited. For more details on booking please see www.neweconomicthinking.org.

The conference is taking place on November 21, with registration starting from 10am. It is being held in the Buckingham House Conference Centre, Murray Edwards College, Huntingdon Road.
 


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